Enter the closing costs ($) and the total cost ($) into the Calculator. The calculator will evaluate the Closing Cost Percentage. 

Closing Cost Percentage Formula

CCP = CC / TC * 100

Variables:

  • CCP is the Closing Cost Percentage (%)
  • CC is the closing costs ($)
  • TC is the total cost or purchase price ($)

To calculate the Closing Cost Percentage, divide the total closing costs by the purchase price, then multiply by 100.

How to Calculate Closing Cost Percentage?

The following steps outline how to calculate the Closing Cost Percentage.

  1. First, determine the closing costs ($). 
  2. Next, determine the total cost ($). 
  3. Next, gather the formula from above = CCP = CC / TC * 100.
  4. Finally, calculate the Closing Cost Percentage.
  5. After inserting the variables and calculating the result, check your answer with the calculator above.

Example Problem : 

Use the following variables as an example problem to test your knowledge.

closing costs ($) = 10000

total cost ($) = 500000